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Automated Storage and Retrieval System (ASRS) Market Analysis with Industry Players like Bastian Solutions, Inc., Daifuku Co. Ltd., Kardex Group, SSI Schaeffer Systems International and Murata machinery

03-12-2019 09:38 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Automated Storage and Retrieval System (ASRS) Market

Automated Storage and Retrieval System (ASRS) Market

Automated Storage and Retrieval System (ASRS) market is expected to grow from US$ 7076.9 Mn in 2017 to US$ 13808.2 Mn by 2025 at a CAGR of 8.7% between 2017 and 2025.

The Programmable Logic Controller Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

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Diverse storage solutions such as unit load, mid-load, carousels, and VLM (Vertical Lift Modules) serve various purposes of their users with added value thereby help them in reducing costs. VLMs save more than 80% of floor space by stacking the material in vertical shelves. Also, these storage systems are designed in such a way that storing and picking of goods becomes less time taking, more efficient and helps to increase productivity at the workplace. Similarly, horizontal and vertical carousels are used for storage of small parts and tools used either at the manufacturing plant shop floor or for storage of consumer goods. Moreover, the modular structure of these systems ensure flexibility and scalability. Thus, need for fast, space efficient, and cost effective storage systems along with maximum throughput and productivity, is driving the market for automated storage solutions, across most of the end-user industries.

Industry Players:

- Bastian Solutions, LLC
- Daifuku Co., Ltd.
- Kardex Group
- Mecalux S.A.
- TGW Logistics Group
- System Logistics Corporation
- Vanderlande Industries B.V.
- SSI Schaefer Group
- Egemin Automation, Inc.
- Knapp AG

Industries nowadays are experiencing huge demands for automating storage and retrieving activities, which can further increase the batch processing speeds of consumer goods and various packaged products. Thus, many-folds increase in the productivity has been driving the adoptions of automated ASRS systems in the recent times.

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The global automated storage and retrieval systems (ASRS) market has been segmented on the basis of type into unit load ASRS, mini load ASRS, carousals, vertical lift modules (VLM), and others. Additionally, this market is also segmented on the basis of end-users into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, retail, and others. Geographically, the global ASRS market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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